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    BIIB   US09062X1037

BIOGEN INC.

(BIIB)
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Biogen, Samsung Bioepis Get FDA OK for Lucentis Biosimilar

09/20/2021 | 06:06am EDT

By Colin Kellaher

Biogen Inc. and its Samsung Bioepis Co. venture on Monday said the U.S. Food and Drug Administration approved Byooviz, their biosimilar to Roche Holdings AG's blockbuster eye drug Lucentis.

The companies said the approval, the first in the U.S. for an ophthalmology biosimilar, covers Byooviz for the treatment of neovascular age-related macular degeneration, macular edema following retinal vein occlusion and myopic choroidal neovascularization.

Biosimilars are near-copies of biologic drugs that are made from living cells and are analogous to generic copies of traditional pill-form medicines.

Byooviz was developed by Samsung Bioepis, a joint venture between Biogen and Samsung BioLogics Co., and be commercialized in the U.S. by Biogen. The companies said Biogen would be able to market Byooviz in the U.S. as of June 2022 under a global license agreement with Roche's Genentech unit, which developed Lucentis.

Biogen and Samsung Bioepis are also pursuing a biosimilar to Regeneron Pharmaceuticals Inc.'s blockbuster eye drug Eylea.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

09-20-21 0806ET

Stocks mentioned in the article
ChangeLast1st jan.
BIOGEN INC. -1.43% 281.19 Delayed Quote.14.84%
ROCHE HOLDING AG 0.08% 360.4 Delayed Quote.16.59%
SAMSUNG BIOLOGICS CO.,LTD. 1.16% 869000 End-of-day quote.5.21%
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Financials (USD)
Sales 2021 10 771 M - -
Net income 2021 1 954 M - -
Net Debt 2021 1 575 M - -
P/E ratio 2021 21,6x
Yield 2021 -
Capitalization 41 907 M 41 907 M -
EV / Sales 2021 4,04x
EV / Sales 2022 3,64x
Nbr of Employees 9 100
Free-Float 84,9%
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 281,19 $
Average target price 397,62 $
Spread / Average Target 41,4%
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Managers and Directors
Michel Vounatsos Chief Executive Officer & Director
Michael R. McDonnell Chief Financial Officer & Executive Vice President
Stelios Papadopoulos Chairman
Alfred W. Sandrock Executive Vice President-Research & Development
Mark Hernon Chief Information Officer & Senior Vice President
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